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Wall Street Uncertain As US China Trade Talks Linger

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According to Reuters, Wall Street was uncertain at Thursday's opening bell due to the lingering doubts surrounding trade talks between the United States and China. Sources report that a meeting between U.S. President Donald Trump and Chinese President Xi Jinping will not occur this month and is more likely to happen in April at the earliest.

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Wall Street’s main indexes traded higher on Wednesday boosted by expectations that the United States and China could reach a deal during trade talks.
Reuters reports trade-sensitive industrials rose 0.44 percent.
U.S. Treasury Secretary Steven Mnuchin said the U.S.-China trade talks in Beijing were "so far, so good" Wednesday.
President Donald Trump said Tuesday he would consider extending the March 1 deadline if the two countries were close to reaching a deal.

Reuters reports that the Chinese government may decline to participate in proposed trade talks with the United States later this month. This if the Trump administration moves forward with additional tariffs on imported Chinese goods. The Wall Street Journal reported the development on Sunday, citing Chinese officials.
The U.S. had proposed the talks. At the same time it moved forward with planning additional tariffs on some $200 billion of Chinese products.
The report quoted one senior Chinese official saying the country would not negotiate “with a gun pointed to its head.”

Major US stock indexes were mixed on Tuesday, amid trade tensions that have dimmed growth expectations.
Wall Street weighed ongoing trade tensions against expectations for the Federal Reserve to lower interest rates at the end of July.
The market is also expecting a less aggressive rate cut at the end of the month after a surprisingly robust June jobs report out last week.
According to Business Insider, Advanced Micro Devices, Inc, Twitter, and Western Digital Stock gained the most on the day.
The largest decliners were Garrett Motion, Davita Inc, and L Brands.

Market strategists are saying the three most dangerous words on Wall Street are "Different this time."
Now, Markets Insider reports even some of the biggest stock-market bulls are starting to get worried.
The yield curve inverted in November, adjusting for quantitative easing and quantitative tightening.
That's made bond investors bearish on the economy, but equity investors have been bullish.

Asian stocks fell on Monday as traders followed Wall Street's example and braced themselves for a prolonged trade war. The worldwide sell-off reflects fears of slower economic growth and rising geopolitical tensions, as China plans to respond to a US tariff hike last Friday by raising duties on American imports. "Market sentiment remains very fragile," said one analyst. Traders in Asian stocks followed Wall Street's example and braced themselves for an enduring trade war. After major indexes in the US plummeted at least 2% on Monday, Chinese and Japanese stocks followed suit.